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Dec 9, 2012
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same as bill clinton did with newt gingrich. get in the room and make the changes that are needed. >> the president wants to solve the problem. it's what he said in the campaign. it's what he's saying now. we cannot lurch from one crisis to the other. think of all the times tea party republicans and speaker boehner threatened to shut down the government over the debt ceiling. listen, if we are going to have this certainty for businesses to invest and know new jobs are being created we have to get this behind us. >> joining me now, dana millbank and kristina. it's great to have you both here. bob corker said the idea of raising taxes on the top 2% has merit. the question is how much merit it has with speaker boehner and the republican party. where disease it stand? >> we have been hearing more and more encouraging noises. the republicans have taken steps in that right direction. i wouldn't get too mesmerized. there's incentive for them not to strike a deal at least until the last deal. i think you can count on them to do the righ
same as bill clinton did with newt gingrich. get in the room and make the changes that are needed. >> the president wants to solve the problem. it's what he said in the campaign. it's what he's saying now. we cannot lurch from one crisis to the other. think of all the times tea party republicans and speaker boehner threatened to shut down the government over the debt ceiling. listen, if we are going to have this certainty for businesses to invest and know new jobs are being created we...
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Dec 8, 2012
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clinton era 39.6%. do you think the democrats and republicans will agree to go down the middle there with about a 37% tax rate on the top 2%? >> alex, the fact is they've been talking about these issues for more than a year since those grand bargain talks between speaker boehner and president obama in 2011. and we know the shape of a likely deal. it would be exactly that. about a 37% tax rate hike for top earners in this country. we know that secretary geithner and president obama have spoken of being open to that idea. and john boehner did himself yesterday, although after he did so in a question and answer period with reporters he then put out a statement saying he wasn't really meaning to open that door. but we know the parameters of a deal. it likely will include some kind of tax rate hike, although not to clinton levels for top earners, and some savings in medicare and medicaid. i think that is the likely shape of the likely deal. >> meredith, louisiana's gop governor bobby jindal wrote an op ed th
clinton era 39.6%. do you think the democrats and republicans will agree to go down the middle there with about a 37% tax rate on the top 2%? >> alex, the fact is they've been talking about these issues for more than a year since those grand bargain talks between speaker boehner and president obama in 2011. and we know the shape of a likely deal. it would be exactly that. about a 37% tax rate hike for top earners in this country. we know that secretary geithner and president obama have...
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Dec 8, 2012
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as you know, clinton tax rates for wealthiest americans were 39.6%. that's what's going to happen at the beginning of the year. right now they are 35%. the president has been insisting all along those rates rise again but there's wiggle room here. president biden asked if it could be 37%, hedged on the question. even john boehner initial why when asked this question hedged a little bit. speaking of republicans, a rising star, senator marco rubio had this response in the weekly gop response to the president. >> we must get the national debt under control. tax increases will not solve our $16 trillion debt. only economic growth and a reform of sbilgsment programs will help control the debt. we must reform our complicated uncertain job killing tax code by getting rid of unjustified loopholes. but our goal should be generating revenue by creating new taxpayers not new taxes. >>> so alex, the question, your initial question, can it get done? the answer is yes. joe biden joked yesterday he could run it up to the hill from the white house in 15 minutes and r
as you know, clinton tax rates for wealthiest americans were 39.6%. that's what's going to happen at the beginning of the year. right now they are 35%. the president has been insisting all along those rates rise again but there's wiggle room here. president biden asked if it could be 37%, hedged on the question. even john boehner initial why when asked this question hedged a little bit. speaking of republicans, a rising star, senator marco rubio had this response in the weekly gop response to...
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Dec 2, 2012
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we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest deductions? >> ultimately for republicans the best thing is to get some bipartisan agreement on cutting entitlements. they are disadvantaged on that issue right now. but entitlements are where the money is. you have to look at medicare and medicaid in terms of finding savings. it doesn't get meaningful until you look at those programs combined with revenue. >> can i ask you, is the government capable of spending less money than it takes in? can they generate a surplus in these times. >> they did it during bill clinton. >> that was a couple
we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest...